All Financial wellbeing articles – Page 84
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Supplier articleIs poor financial wellbeing crippling employees?
Financial worries have plagued employees and employers alike for decades. However, in such an uncertain economic climate, the discrepancy between how employers feel monetary concerns affect employees and how it is often underestimated. According to Dr Cary Cooper, leading expert in workplace wellbeing at the University of Manchester, there is ...
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AnalysisHow to support employees through uncertainty and change
Need to know: Whether political instability, economic downturn or organisational change, employers need to ensure that they soften the negative effects of uncertainty on employees.Positive behaviours, such as financial stability and psychological resilience need to be embedded in advance to be fully effective.Clear, deliberate and open communications will help ensure ...
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Supplier articleSalary Finance researches how saving impacts financial wellbeing
In The Employer’s Guide to Savings we explore:The link between running out of money and financial worries.The real savings situation for UK employees and how their low financial resilience is impacting financial wellbeing.Why people aren’t saving, and how we can make it easier for them to start and continue a ...
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ArticleRoadchef launches flexible income benefit for 600 staff
Motorway and trunk road service operator Roadchef, which employs more than 3,300 staff in the UK across 30 locations, has launched a new flexible income benefit for the 600 employees based at its Chester, Clacket Lane and Northampton operating sites.The Get Paid As You Go platform, provided by Wagestream, was ...
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ArticleEXCLUSIVE: SSE extends online financial education for Ireland-based staff
EXCLUSIVE: Energy organisation SSE has extended its online financial education programme to 1,000 employees working in Ireland.SSE originally launched its financial education programme, provided by Nudge, in January 2018 for 20,000 employees working across its 150 UK operating sites.The extended provision was launched in Ireland on 1 March 2019, featuring ...
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ArticleConfessions of a benefits manager: Candid seeks financial support at work
I’ve decided to do something about financial support at work and financial wellbeing in general. Not just my own; you only have to look around the office to see how stressed out and worried everyone is. It’s hard to know if they are lying awake at night over their mortgage, ...
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Supplier articleHow do you support your employees’ financial wellbeing?
A decade ago, financial wellbeing was a ‘nice to have’ in HR’s repertoire of resources. Then the 2008 financial crash happened, real wage growth declined and UK household debt reached a new average high of £15,385.Today, financial wellbeing is a major part of the HR toolkit as organisations are increasingly ...
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Supplier articleHow behavioural insights help HR with employee financial wellbeing
Financial wellbeing initiatives give staff more than a better bank balance. Help your employees to gain control of their finances and your organisation will benefit from fresher employees who are enjoying a better lifestyle and less stress.In an earlier article, we discussed the different ways HR can support employees in ...
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ArticleEXCLUSIVE: Moneysupermarket Group launches financial coaching and planning
EXCLUSIVE: Financial services comparison organisation Moneysupermarket Group has introduced a financial coaching and planning benefit for its 750 employees, in order to proactively support their financial wellbeing.The new benefit, provided by Hatch, offers employees a free session with a financial coach; the coach uses a software programme to visualise how ...
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ArticleEXCLUSIVE: A third have seen engagement boost as a result of pension freedoms
EXCLUSIVE: Engagement with pensions is cited by 34% of organisations as one of the top effects of the introduction of pension freedoms, according to research by Employee Benefits and Barnett Waddingham.The Employee Benefits/Barnett Waddingham pensions research 2018, which surveyed 246 respondents and was published in December 2018, also found that ...
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ArticleKavitha Sivasubramaniam: Evolving to become about much more than physical health
As our Occupational Health Week, in association with Health Shield, draws to a close, it is time to reflect on some of the trends and issues currently shaping this area of the benefits market.In recent years, health and wellbeing strategies have evolved to become about much more than just physical ...
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ArticleEXCLUSIVE: Intangible assets are key to demonstrating return-on-investment
Employee Benefits Connect 2019: The way organisations measure return-on-investment (ROI) for employee benefits should take into consideration intangible assets, such as branding, employee goodwill, customer relationships, intellectual property and knowledge sharing, according to Alex Tullett (pictured), director of decision science and consulting at outsourcing and professional services firm Capita HR ...
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ArticleEXCLUSIVE: Siemens reshapes reward for the future of work
Employee Benefits Connect 2019: Siemens has seen a dramatic shift in the way it works, from the rise of competition from smaller organisations and start-ups, to increased globalisation and remote capabilities. To prepare for these changes, the organisation has overhauled its approach to reward and the employee experience.As part of ...
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OpinionDr Kellie Vincent: Challenges and opportunities for urban employees
London features as one of the Rough Guide's top five cities to visit; however, according to Expert Market's The best and worst cities for commuting report, published in June 2018, it is one of the 10 worst cities in the world. In the same survey, Leicester made the top 10; ...
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Supplier articleResearch highlights the importance of financial education and guidance to prevent pension scams
The Pension Scams Industry Group (PSIG), the voluntary body set up to support Trustees, providers and administrators in combating pension scams, has released its study findings[1] on the scale of scam activity affecting pension scheme members. It specifically reviewed suspected scam cases flagged by pension schemes on transfer requests.The report ...
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Case StudiesSunrise Senior Living puts recognition at the heart of its benefits strategy
Private residential and nursing care home business Sunrise Senior Living centres its benefits strategy around peer-to-peer and top-down recognition, aligned with its business goals and principles of service.Primarily, this is achieved through the organisation’s Heart and Soul programme, which encourages its 5,000 UK-based employees to recognise colleagues that go over ...
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Case StudiesThe benefits offered by Sunrise Senior Living
The benefits offered by Sunrise Senior Living: Pension, protection and payA defined contribution (DC) pension scheme for all employees, delivered through a master trust. Contribution levels vary depending on seniority.Income protection is available for salaried employees on an employer-funded basis. This pays up to 70% of their basic salary for ...
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AnalysisPayday stress: Financial wellbeing in numbers
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ArticleEXCLUSIVE: Two-fifths of organisations offer cash to staff who reach lifetime or annual limits
EXCLUSIVE: Two-fifths (42%) of organisations offer cash as an alternative to pension contributions for those employees that reach their lifetime or annual allowance limits, according to research by Employee Benefits and Barnett Waddingham.The Employee Benefits/Barnett Waddingham pensions research 2018, published in December 2018, gathered 246 responses. It found that the ...
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AnalysisShould employers offer staff increased pay flexibility?
Need to know:Employers are catering to increasingly diverse workforces, many of whom want autonomy over their benefits and remuneration.Flexible benefits packages facilitate those employees who want to focus on their finances, while also providing a range of perks to appeal to many demographics.Flexibility when it comes to working hours and ...